What does paying the last month's rent mean?

2008-05-08 14:25:25

2008-05-08 14:25:25

== == Usually paying the last month rent means you pay the
regular rent plus a closing fee which means if there are any
damages done to the place that was not there before you then you
have to pay so much for that too. == == The usual practice is to
pay the "first and last" month's rent when you move IN to the unit.
This means that the owner is holding a amount that is equal to the
last month's rent that you occupy the unit. This is so you can't
skip owing rent.

No, you are not required to pay last months rent again. Just
make sure you are not mistaking it for the security deposit. Rent
and security deposits can be the same amount. Check your rental
agreement for clarity. Julie